Mtechtips SILVER MCX SELL AT 61500-700 STOPLOSS 62500 TGT 60400 TGT 59400

Mtechtips SILVER MCX  intraday trading analysis 15-10-2012

Mcx silver dec for short term traders short side is preferred with stoploss above 62,000 on closing basis and expect target of 60,000.those holding shorts from 64,000 now trail it to 62,000 and expect 60,000 in this week. from medium to long term view,silver may continue correction and may find support at 58,000.here we suggest to hold short for that but no new short positions.at 60,000 3 month level as well as last major top comes and there may be silver price find some support.

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